Heh... I love the opposite opinions we always get here..!

I should probably throw this out there... I don't know about
SuperJETT or
gumshoe99; but
arizonavideo has almost certainly actually tried at least a few halogen bulbs. I know I haven't, I'm mostly just repeating what I've heard here and elsewhere on the forum...
Maybe I can combine the 3 posts... which are all correct IMO.
Generially it's not a very good light source. If you're looking for a "proof of concept" light, go ahead and try it, but if you're building "for keeps" then you will probably want to use a metal halide.
The advantages you'll get are, better brightness:heat ratio (AKA they're more efficient*), the light will be more "white" so colors will be projected more accurately, and they'll generially be closer to a
point light source which is generially accepted to help...
The big down side to MH of course is the cost. Halogen = super cheap to start ($13), super cheap to maintain ($1) while MH bulbs are pretty darn expensive to start ($40+ for a balast and $40+ for the bulb (could end up costin' ya $250 without too much trouble)) and relitively very expensive to maintain ($40+ for the bulbs).
So, if you're trying to get something done without risking too much, go halogen (with more fans). Or if you're going for a first and
only (at least for a while) build, go MH.
*More efficient: more light and less heat